Federated Hermes Inc. Trims Holdings in Easterly Government Properties, Inc. (NYSE:DEA)

Federated Hermes Inc. decreased its holdings in Easterly Government Properties, Inc. (NYSE:DEA) by 72.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 209,096 shares of the real estate investment trust’s stock after selling 545,774 shares during the period. Federated Hermes Inc. owned about 0.22% of Easterly Government Properties worth $2,810,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Massmutual Trust Co. FSB ADV increased its stake in Easterly Government Properties by 2,550.6% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 2,200 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 2,117 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Easterly Government Properties in the third quarter worth $103,000. Trivant Custom Portfolio Group LLC increased its stake in Easterly Government Properties by 24.5% in the fourth quarter. Trivant Custom Portfolio Group LLC now owns 8,712 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 1,712 shares during the period. Cerity Partners LLC purchased a new stake in Easterly Government Properties in the fourth quarter worth $136,000. Finally, Avantax Advisory Services Inc. purchased a new position in shares of Easterly Government Properties during the third quarter valued at $141,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd.

Easterly Government Properties Stock Performance

Shares of Easterly Government Properties stock opened at $11.69 on Friday. The firm has a market cap of $1.20 billion, a P/E ratio of 61.53 and a beta of 0.67. The company has a current ratio of 4.65, a quick ratio of 4.65 and a debt-to-equity ratio of 0.92. Easterly Government Properties, Inc. has a 12 month low of $10.27 and a 12 month high of $15.21. The stock’s fifty day moving average price is $11.53 and its 200-day moving average price is $11.97.

Easterly Government Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Thursday, May 9th will be paid a dividend of $0.265 per share. The ex-dividend date is Wednesday, May 8th. This represents a $1.06 annualized dividend and a dividend yield of 9.07%. Easterly Government Properties’s dividend payout ratio is currently 557.92%.

Easterly Government Properties Profile

Easterly Government Properties, Inc (NYSE: DEA) is based in Washington, DC, and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly's experienced management team brings specialized insight into the strategy and needs of mission-critical U.S.